- 11 U.S.C.
In re Alcazar
Apr
14
2008
Ruling
Winning bid at foreclosure sale constituted reasonably equivalent value.
Procedural posture
Creditor filed a motion to determine the inapplicability of automatic stay or, alternatively, for relief from the automatic stay. The debtor filed an objection. At the hearing, the court determined that no stay was in effect, and the parties agreed to treat the debtor's objection to the motion for relief from the stay as a complaint to avoid the sale of property pursuant to 11 U.S.C.S. §§ 547 or 548.
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Court
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